Over the past decade, Denmark's production of copper bars, rods, and profiles has shown a general upward trend, starting from 422.93 thousand kilograms in 2013 to 899.62 thousand kilograms in 2023. There have been some significant year-on-year variations, with noticeable growth in 2014 (35.73%), 2015 (8.8%), and a dip in 2020 (-14.24%) followed by a notable recovery in 2021 (24.28%). The Compound Annual Growth Rate (CAGR) for the past five years stands at 2.73%, indicating steady growth in recent years.
Future forecasts indicate a continued growth trajectory, reaching 1,029.9 thousand kilograms in 2028, with a forecasted five-year CAGR of 2.13%, corresponding to an overall growth rate of 11.1% over the same period. Year-on-year growth is expected to remain stable, hovering around the 2-3% range annually.
Future trends to watch for:
- Emerging technologies and their impact on copper demand.
- Policy changes in environmental regulations affecting production processes.
- Global copper market fluctuations and their influence on local production capacity.
